Vanguard Global Correlations

Mutual Funds USA . 
Fund . Vanguard Global Credit
VGCAX Fund  USD 19.22  0.04  0.21%   
The current 90-days correlation between Vanguard Global Credit and Lord Abbett Convertible is 0.3 (i.e., Weak diversification). The correlation of Vanguard Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Vanguard Global Correlation With Market

Average diversification

The correlation between Vanguard Global Credit and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Credit and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Global Credit. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vanguard Mutual Fund

  0.81VMLUX Vanguard Limited TermPairCorr
  0.81VMLTX Vanguard Limited TermPairCorr
  0.96VMSIX Vanguard Multi SectorPairCorr
  0.85VNJUX Vanguard New JerseyPairCorr
  0.85VNJTX Vanguard New JerseyPairCorr
  0.84VNYTX Vanguard New YorkPairCorr
  0.84VNYUX Vanguard New YorkPairCorr
  0.84VOHIX Vanguard Ohio LongPairCorr
  0.62VPADX Vanguard Pacific StockPairCorr
  0.62VPACX Vanguard Pacific StockPairCorr
  0.83VPALX Vanguard PennsylvaniaPairCorr
  0.84VPAIX Vanguard PennsylvaniaPairCorr
  0.62VPKIX Vanguard Pacific StockPairCorr
  0.75VAIPX Vanguard InflationPairCorr
  0.88VSCGX Vanguard LifestrategyPairCorr
  0.84VSCSX Vanguard Short TermPairCorr
  0.68VSBIX Vanguard Short TermPairCorr
  0.88VSBSX Vanguard Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Global Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vanguard Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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